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Complementarity and the resource curse

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Academic year: 2021

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Figure 1: Four possible Nash equilibria resulting from different values of the parameters.
Figure 2: Feasibility of the various non-(0,0) situ- situ-ations (left: σ < 1, right: σ ∈]1, 2[); shaded, no nonnul equilibrium
Figure 3: Equilibria resulting from A’s optimal choice of sharing rule (left: σ < 1, right: σ ∈]1, 2[).
Figure 4: First-best efficient asset allocation (left:
+2

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